Breixt is giving some support to GBP and there are no major economic reports in the US today.
The support rests at 1.29930 with resistance at 1.30460 which both lines are above the weekly pivot point at 1.28380. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The indicators are showing upward momentum, so buyers can target the upper Bollinger band at 1.308.